OTCPK:KRCLF - Post by User
Post by
goldstd69on Jan 29, 2023 5:11pm
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Post# 35253010
the fed releases its interest rate decision
the fed releases its interest rate decisionI believe on Wednesday....to me the market is expecting 0.25 point raise....one more 0.50 point raise could happen....it is a flip of the coin either way....the weakness in the USD of late and the gold rally is to me in anticipation of the 0.25 point raise...so a sell on news could occur....but will the unexpected news of other fronts begin to emerge and take precendent over the 'getting old interest rate store'? who knows....the RSI for golds are in overbought territory but the sentiment numbers are still quite bullish....the markets look ahead...what are they seeing?? what are the central banks seeing buying so much gold of late?? hmmm